Yorktown, VA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it a good time to sell a house in VA? ›

Best Time to Sell Your House for a Higher Price

May, June, and July are the best months to sell your house in Virginia. The median sale price of houses in June 2023 was $443,900, which is expected to rise in 2024.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

Grantor tax: The buyer covers most transfer taxes in Virginia, but the seller does have to pay a grantor tax, which in most of the state comes out to about $1 per $1,000 in home price. Northern Virginia sellers can expect to pay more.

Usually, sellers pay the Realtor commission in Virginia.

Even though this signifies an imbalance created by steadily rising demand with supply that isn't keeping pace, experts believed the brisk sales would slow a bit as new construction increases. Currently, Virginia is still very much a sellers' market.

The average Virginia home value is $395,685, up 5.0% over the past year and goes to pending in around 11 days.

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

Is it a bad time to buy or sell a house? ›

Real estate experts predict a continued housing shortage, and because they expect high buyer demand to keep pushing home prices up, 2024 may be an ideal time to sell. Experts also anticipate a leveling out of 2023's elevated mortgage rates, expecting rates to eventually settle around 6% – 7% in the spring.